2014 BTN to JPY Historical Review

YEARLY HIGH

1.9579 JPY

YEARLY LOW

1.6159 JPY

YEARLY AVERAGE

1.7347 JPY

2014 BTN to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BTN to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 1.9579. Conversely, the yearly low was recorded on February 3, dropping to 1.6159.

This high-to-low spread represents a total annual volatility of 0.3420 JPY. From a start-to-finish perspective, comparing the January average rate of 1.6743 to the December average rate of 1.9046, the exchange rate registered a net change of 13.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.9579 was up 4.30% compared to the 2013 peak of 1.8772, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BTN based on timing:

Yearly Peak High 9,790 JPY

2013 Average 8,364 JPY

Yearly Trough Low 8,080 JPY

Transaction Impact: A difference of 1,709.86 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.9310

1.6149

JanuMarcMayJulySeptNove

BTN to JPY Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.6861, compared to 1.7834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0973 points.

H1 Avg (Jan–Jun) 1.6861

H2 Avg (Jul–Dec) 1.7834

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1145 JPY (High: 1.9579 / Low: 1.8434). On the other end, July was the most stable month, with a tight range of 0.0271 JPY (High: 1.7086 / Low: 1.6815).

December Spread (Volatile) ±0.1145

July Spread (Stable) ±0.0271

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0330 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0330

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.9046) against the same month in 2013 (average: 1.6737), the exchange rate shifted by +0.2309 (+13.80%).

2014 Avg (December) 1.9046

2013 Avg (December) 1.6737

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7021	1.6258	1.6743
February	1.6514	1.6159	1.6413
March	1.7245	1.6377	1.6780
April	1.7321	1.6757	1.6983
May	1.7456	1.6933	1.7159
June	1.7331	1.6854	1.7085
July	1.7086	1.6815	1.6942
August	1.7216	1.6654	1.6925
September	1.7919	1.7232	1.7655
October	1.8195	1.7246	1.7602
November	1.9133	1.8251	1.8832
December	1.9579	1.8434	1.9046